arbster
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Post by arbster on Sept 20, 2016 17:11:55 GMT
Sounds like the appetite for taking more of the loan is there. Perhaps MoneyThing and bengilbert can strike while the iron is hot and announce another tranche for Thursday?
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nick
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Post by nick on Sept 20, 2016 17:16:22 GMT
MoneyThing: do you have any clearer idea on when the Cardiff loan is expected to repay, eg prior to the Birkenhead loan going live?
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littleoldlady
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Post by littleoldlady on Sept 20, 2016 17:19:54 GMT
MoneyThing : do you have any clearer idea on when the Cardiff loan is expected to repay, eg prior to the Birkenhead loan going live? MT can only say what they have been told, probably indirectly, by SS.
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Post by MoneyThing on Sept 20, 2016 17:27:39 GMT
Just noticed that restrictions have been introduced (£3000 and £1500).
Thanks and well done Ed. Once again you've shown good judgement and a commitment to ALL of your investors Sorry but not well done. This is one of the few occasions where I have an issue with MT. I fully understand the desire for limits and have no problem with them at all. What I have a problem with is being told that there are no limits, selling my loans on another platform to invest on MT and then find out later that limits have been introduced. MoneyThing , please be clear from the outset and don't change your mind as you go along. Agreed. Apologies. Regards, Ed.
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archie
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Post by archie on Sept 20, 2016 17:29:17 GMT
Just noticed that restrictions have been introduced (£3000 and £1500).
Thanks and well done Ed. Once again you've shown good judgement and a commitment to ALL of your investors Sorry but not well done. This is one of the few occasions where I have an issue with MT. I fully understand the desire for limits and have no problem with them at all. What I have a problem with is being told that there are no limits, selling my loans on another platform to invest on MT and then find out later that limits have been introduced. MoneyThing , please be clear from the outset and don't change your mind as you go along. Going forward it would be better if all loans had a restriction. I also like there to be a predefined percentage so it's possible to calculate before loans appear on the pipeline.
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Post by MoneyThing on Sept 20, 2016 17:29:46 GMT
Sounds like the appetite for taking more of the loan is there. Perhaps MoneyThing and bengilbert can strike while the iron is hot and announce another tranche for Thursday? I think we will just hold off and see how these fare before announcing another slug of the loan. We can however move fairly swiftly if there is the apitite. Regards, Ed.
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Post by MoneyThing on Sept 20, 2016 17:32:16 GMT
MoneyThing : do you have any clearer idea on when the Cardiff loan is expected to repay, eg prior to the Birkenhead loan going live? Not as yet, but we do anticipate it will be repaid before 4pm tomorrow. Will let everyone know as soon as we receive the funds. Regards, Ed
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Post by MoneyThing on Sept 20, 2016 17:36:50 GMT
Sorry but not well done. This is one of the few occasions where I have an issue with MT. I fully understand the desire for limits and have no problem with them at all. What I have a problem with is being told that there are no limits, selling my loans on another platform to invest on MT and then find out later that limits have been introduced. MoneyThing , please be clear from the outset and don't change your mind as you go along. Going forward it would be better if all loans had a restriction. I also like there to be a predefined percentage so it's possible to calculate before loans appear on the pipeline. Typically we will implement a 0.5% bid restriction. However there are a few other variables at play depending on the loan (size, rate, type, other loans, etc.), which mean we will have to sometimes tweak the levels on some loans. Wherever possible we will try and be consistent. Regards, Ed.
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Post by MoneyThing on Sept 20, 2016 17:45:40 GMT
MoneyThing : do you have any clearer idea on when the Cardiff loan is expected to repay, eg prior to the Birkenhead loan going live? Not as yet, but we do anticipate it will be repaid before 4pm tomorrow. Will let everyone know as soon as we receive the funds. Regards, Ed ...having said that, and not sure how popular it would be, we could potentially delay the launch of the loan by a day or two if there is the chance that Cardiff doesn't repay tomorrow? Just a thought...
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littleoldlady
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Post by littleoldlady on Sept 20, 2016 17:48:21 GMT
I suggest you are thinking too much then. Please forget that idea. Some of us have gone to some trouble - some selling other loans - to get funds available and already slightly miffed because we got more than the limits which were introduced late.
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Post by rock500 on Sept 20, 2016 18:02:47 GMT
At least Ed has given us more notice about the bid limit change than the CSP renewals last month, where the bid limits where changed 3-4 hours before the loans went live.
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SteveT
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Post by SteveT on Sept 20, 2016 18:07:35 GMT
Better stick with the pre-announced launch date & time, I reckon. If the Cardiff loan is late repaying and yet the Birkenhead loans still fill quickly, bringing forward a further tranche seems like a good option.
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Maestro
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Post by Maestro on Sept 20, 2016 18:17:25 GMT
Sounds like the appetite for taking more of the loan is there. Perhaps MoneyThing and bengilbert can strike while the iron is hot and announce another tranche for Thursday? I think we will just hold off and see how these fare before announcing another slug of the loan. We can however move fairly swiftly if there is the apitite. Regards, Ed. Hi Ed, I would like to say thank you for introducing A/B tranche structure on this loan. I am a fan and can now fine tune me risk tolerance to this loan (and obviously the rate), and hopefully we will see it again on future loans.
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james
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Post by james on Sept 20, 2016 19:05:03 GMT
having said that, and not sure how popular it would be, we could potentially delay the launch of the loan by a day or two if there is the chance that Cardiff doesn't repay tomorrow? A full delay would be unpopular, I think. But what may well work is extending the bid limit from 24 hours to 48 hours. Besides letting those relying on repayment get in, that would not too greatly inconvenience those who want a lot more because they can still participate in a 4PM scrum if they want to, just one day later. The apparent catch for those relying on repayment is that some may well still miss out if the loans are filled in the first 24 hours. But that's an illusory catch: it's just letting different people get in or miss out than would otherwise happen. Personally, I'd support a general increase in the time limit from 24 to 48 hours. Perhaps allowing one bid per 24 hours, which would let more of those who want more than one bid limit as a minimum participate because they could buy just before one 24 hours ends and at the start of the next. Maybe even automate cancelling the first bid if the second can't be filled. At the cost of those who want much more than two bid limits having less available in the final scrum. I'm happy either way on the delay, since I have the cash in my account already and don't mind a day of no interest on it.
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mickj
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Post by mickj on Sept 20, 2016 19:17:14 GMT
I expect I am in much the same boat as a few other investors, unable to invest unless the Cardiff loan pays back and provides me with some funds, will be slightly miffed if I cannot.
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